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The company had received a nod from the National Company Law Tribunal (NCLT) to undertake the reverse flip in December last year
Flipkart had first shifted its domicile to Singapore in 2014 as a way to attract foreign capital, a move followed by several startups at the time
Last week it was reported that Flipkart fired 400-500 employees, or 3-4% of its workforce, after its annual performance review exercise
In the run up to its much anticipated IPO, ecommerce giant
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The company had received a nod from the National Company Law Tribunal (NCLT) to undertake the reverse flip in December last year
Flipkart had first shifted its domicile to Singapore in 2014 as a way to attract foreign capital, a move followed by several startups at the time
Last week it was reported that Flipkart fired 400-500 employees, or 3-4% of its workforce, after its annual performance review exercise
In the run up to its much anticipated IPO, ecommerce giant
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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